Pennon Group (LON:PNN) Trading Down 20.8% – Here’s Why

Pennon Group Plc (LON:PNN) was down 20.8% during trading on Monday . The stock traded as low as GBX 422.60 ($5.26) and last traded at GBX 464.60 ($5.78). Approximately 527,841,875 shares traded hands during mid-day trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Stock Performance

The company has a market cap of £1.33 billion, a price-to-earnings ratio of -11,615.00, a PEG ratio of 8.20 and a beta of 0.29. The firm’s 50 day simple moving average is GBX 572.04 and its 200-day simple moving average is GBX 584.69. The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. On average, sell-side analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s payout ratio is currently -152,500.00%.

About Pennon Group

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.